{"id":515,"date":"2007-01-24T21:38:33","date_gmt":"2007-01-25T01:38:33","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=515"},"modified":"2007-01-24T21:38:33","modified_gmt":"2007-01-25T01:38:33","slug":"bnsprl-gets-a-solid-reception","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=515","title":{"rendered":"BNS.PR.L Gets a Solid Reception"},"content":{"rendered":"

BNS.PR.L commenced trading today, after having been announced January 8<\/a>. Scotia announced today<\/a> that the underwriters’ over-allotment privilege had been exercised to the tune of 1.8 million shares, bringing the total size of the issue to 13.8 million shares valued at $345-million.<\/p>\n

The issue traded a healthy 387,831 shares in a range of 24.98-08. The closing quotation was 25.07-09, 67×50.<\/p>\n

There may be a little more value left in this issue, as HIMIPref\u2122 calculates a curvePrice<\/a> of $25.26:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Curve Price Comparison
\nAfter-tax Curve<\/strong><\/td>\n<\/tr>\n
Component<\/td>\nBNS.PR.L<\/td>\nBNS.PR.K<\/td>\n<\/tr>\n
Price due to base-rate<\/td>\n23.19<\/td>\n\u00a024.07<\/td>\n<\/tr>\n
Price due to short-term<\/td>\n0.04<\/td>\n\u00a00.04<\/td>\n<\/tr>\n
Price due to long-term<\/td>\n0.57<\/td>\n\u00a00.58<\/td>\n<\/tr>\n
Price due to Liquidity<\/td>\n1.50<\/td>\n\u00a00.67<\/td>\n<\/tr>\n
Price due to error<\/td>\n-0.03<\/td>\n\u00a0-0.01<\/td>\n<\/tr>\n
Curve Price<\/td>\n25.26<\/td>\n25.34<\/td>\n<\/tr>\n
Closing Quote<\/td>\n25.07-09<\/td>\n\u00a025.91-97<\/td>\n<\/tr>\n
Annual Dividend<\/td>\n1.125<\/td>\n1.200<\/td>\n<\/tr>\n
Yield-to-Worst (Pre-Tax)<\/td>\n\u00a04.48%<\/td>\n\u00a04.24%<\/td>\n<\/tr>\n
Yield-to-Worst (Post-Tax)<\/td>\n3.56%<\/td>\n\u00a03.37%<\/td>\n<\/tr>\n
YTW Call-Date<\/td>\n2016-05-27<\/td>\n\u00a02014-05-28<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

The securityCode<\/a> for this issue is A41009, replacing the preIssue<\/a> code of P75004. A reorgDataEntry<\/a> has been created to reflect this change.<\/p>\n

The issue has been added to the “PerpetualPremium” Index as of 1\/24<\/a>.\n<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

BNS.PR.L commenced trading today, after having been announced January 8. Scotia announced today that the underwriters’ over-allotment privilege had been exercised to the tune of 1.8 million shares, bringing the total size of the issue …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,10,13],"tags":[],"class_list":["post-515","post","type-post","status-publish","format-standard","hentry","category-data-fixes","category-index-construction-and-reporting","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=515"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/515\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}